Experience Rating Systems for Pricing Insurance Are Based on Past

question 324

True/False

Experience rating systems for pricing insurance are based on past medical bills of a firm's employees.

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Definitions:

School Performance

An evaluation of a student's academic work over a specified period, often measured through grades or standardized tests.

Test of Creativity

An assessment designed to evaluate a person's ability to think in novel and unusual ways to solve problems.

Mechanical Aptitude Test

An examination designed to evaluate an individual's ability to understand and apply mechanical concepts and principles.

Content Validity

The extent to which a test or measure accurately assesses all aspects of the concept it intends to measure.